Renting In Miami: What You Need To Know

For many people, living in Miami is the ultimate dream come true. With beautiful weather, an interesting and varied culture, plenty in the way of entertainment, and strong and reliable public transport links, it’s not surprising that this popular holiday destination is highly coveted for renters.

Of course though, before you make any big decisions about your next move, it’s important to do your research.

You’ll likely have lots of questions around the kind of budget that you’ll need to have available, the best areas to suit your needs, and top spots you should check out once you’re settled.

Let’s take a look at what you should know before making any big decisions…

The average rent is around $2,200 per month

According to the latest research from Zumper, the average rent in Miami is currently $2,200 for a one-bedroom apartment. Rates are really on the rise at the moment, and there’s been a 26% increase compared to the previous year.

A one-bedroom apartment would suit single people and young couples. If you’re happy to share with another person, you might want to consider finding a larger property and splitting the rent each month. Ultimately, it all comes down to your lifestyle and the kind of set-up that would suit your current circumstances.

There are more affordable neighbourhoods for bargain seekers

Of course, the cost of renting in Miami can vary a great deal, depending on the specific area that you choose. If you want to make your money go further, there are certain areas that you’ll want to explore.

In Liberty City, for example, you can expect to pay an average of $950 per month. This historically black area is on the verge of economic revival, and it has plenty to offer in terms of arts and culture.

A vibrant lifestyle awaits you

People have many different reasons for locating to a new place, and many head to Miami for the kind of lifestyle it can offer. Sure, some moves are motivated by career prospects or being offered a new role, but it’s well worth taking the time to consider and embrace all that Miami has to offer.

A few key things worth mentioning here are the beaches. For starters, you’ll want to head to Miami Beach. It’s the place to see and be seen, and you can enjoy everything from people watching from the golden sands, to indulging in a little retail therapy on the promenade.

That really isn’t all though. For more variety (and less crowds during busy periods), check out Bal Harbour, Crandon Park, and Haulover beaches. All have their unique vibes, and you’ll quickly find your favourite weekend destination.

Some final thoughts on renting in Miami

There’s no denying that finding a new place to live can be stressful, even if you’re feeling excited about your move and you know that it’ll afford you a much better lifestyle.

The key to making the process as straightforward as possible is to do your research, and make sure you’re as prepared as possible. Now’s the time to start making some lists, and getting the important tasks ticked off!

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